The report
See all reports »
Is Request to Pay the System for a World of New Norms?

Is Request to Pay the System for a World of New Norms?

With faster payments going live in the UK in 2008, one could regard the decade-long recovery from the financial crisis as being a journey towards realtime payments. The last few years has also seen the advent of Open Banking, firstly in the UK and subsequently across Europe and elsewhere. 

Request-to-pay (RtP) is an example of harnessing Open Banking to serve financial institutions, SMEs and consumers in removing some of the frictions relating to sending and receiving payments for lenders, businesses and individuals. Ahead of its introduction later in 2020, RtP was billed as an integral tool to the transformation of the payments landscape across the world. RtP is being widely promoted in the UK, Europe, the Nordics and the USA, all of which have active industry programmes. 

This paper will explore the opportunities for lenders, businesses and consumers provided by RtP as well as the hindrances and challenges that would need to be addressed to move to widespread adoption. 

Download the full report below to find out more. 

 


Get the report

By submitting this form, you are confirming you are an adult 18 years or older and you agree to Exela Technologies contacting you via email. You may unsubscribe at any time. For more information about how your data will be used please read the Exela Technologies privacy statement.

* denotes a required field